Aer Arann
Join Date: Mar 2005
Location: Ireland nowadays
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Examinership is generally used when either
- a company's difficulties are cashflow based and will be cleared by future revenues
- a potential investor has been identified
Since we're heading into the lean months, the first doesn't seem very likely, so there is presumably a potential investor knocking around, but who?
EI seem the most likely, but wouldn't that kind of investment have to be cleared by Ryanair considering the size of their shareholding in Aer Lingus?
- a company's difficulties are cashflow based and will be cleared by future revenues
- a potential investor has been identified
Since we're heading into the lean months, the first doesn't seem very likely, so there is presumably a potential investor knocking around, but who?
EI seem the most likely, but wouldn't that kind of investment have to be cleared by Ryanair considering the size of their shareholding in Aer Lingus?
Join Date: Aug 2007
Location: Sandpit
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Hichachoc :
You are an idiot! RIP my Bo**ix! It's unsafe for some people to have a brain. Have a little consideration for staff and people who maybe directly affected by this (nothing is going to happen anyway). Just another spotter with an itchy finger!! That is all.
CP.
You are an idiot! RIP my Bo**ix! It's unsafe for some people to have a brain. Have a little consideration for staff and people who maybe directly affected by this (nothing is going to happen anyway). Just another spotter with an itchy finger!! That is all.
CP.
Join Date: Mar 2003
Location: .where ever I lay my hat ..is my home.
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CHANGE THAT DAMN TITLE.....it's not funny or bloody smart.
Have some respect for employees aetc who may see it....
...and not to mention that its is NOT TRUE. It's a disgrace that this thread is still here.
Have some respect for employees aetc who may see it....
...and not to mention that its is NOT TRUE. It's a disgrace that this thread is still here.
Join Date: Aug 2006
Location: wex
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The title from the OP serves just to illustrate the intelligence of some individuals, or lack thereof!!
Examinership - Let me google that for you Vs Receivership - Let me google that for you
Examinership - Let me google that for you Vs Receivership - Let me google that for you
Join Date: Mar 2003
Location: Europe
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All I was trying to point out is that the PSOs have been flown by various airlines over the past two decades and thus they are not the exclusive domain of Aer Arann. Being locally based allows Aer Arann to offer the best deal in a tender, but if no local airline is around, other airlines have a bigger incentive to bring forward a proposal as they become more competitive. For example, airbaltic has tendered for domestic PSOs in Germany in the past, and I seem to recall that VLM also tendered for some Irish routes.
I agree that the whole situation is not getting easier because more and more suitable aircraft and airlines disappear. In the end, however, it all boils down on how much government is willing to spend on a PSO contract. If the deal is attractive enough, there will always be a provider.
I agree that the whole situation is not getting easier because more and more suitable aircraft and airlines disappear. In the end, however, it all boils down on how much government is willing to spend on a PSO contract. If the deal is attractive enough, there will always be a provider.
Join Date: Jan 2010
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Hopefully Aer Arann will come out of examinership, it'd be a shame for them to go under having survived the recession this long, especially when things are starting to pick up.
If the worst comes to the worst though, I hope Aer Lingus take them over and at least keep the airline Irish. I'd hate to see the Aer Arann brand taken over and replaced by some foreign airline like FlyBe.
If the worst comes to the worst though, I hope Aer Lingus take them over and at least keep the airline Irish. I'd hate to see the Aer Arann brand taken over and replaced by some foreign airline like FlyBe.
Join Date: Mar 2003
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For Aer Lingus, the situation certainly is uncomfortable as they must make sure that Flybe does not establish itself in DUB and ORK by taking over Aer Arann. So taking over RE or propping them up is probably the lesser of two evils.
Join Date: Nov 1999
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Senior sources at Aer Lingus last night rejected suggestions that they would build on their existing franchise arrangement by taking an equity stake in Aer Arann. "We're not going to take a stake," one insisted.
"There's no truth in that whatsoever."
"There's no truth in that whatsoever."
Join Date: May 2010
Location: ireland
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schools
Disappointed to hear the news about aer aranns financial problems...its a worry for the staff as i have a few friends there...hopefully there will some investors willing to have a look at least...however...
I would love to be a fly on the wall in ptc and some of the other flight schools today with management trying to explain and encourage students to continue with their training....would nt liketo have a lot of money borrowed now and just about to finish training...anyone in the aer arann hold pool now must be fairly disillusioned...
Chin up to all working in are arann
I would love to be a fly on the wall in ptc and some of the other flight schools today with management trying to explain and encourage students to continue with their training....would nt liketo have a lot of money borrowed now and just about to finish training...anyone in the aer arann hold pool now must be fairly disillusioned...
Chin up to all working in are arann
Join Date: May 1999
Location: Ireland
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Advance bookings
Well as long as the media stays positive on it. Most likely it won't be a problem. With 2 suitors already lined up - I suspect this is more a conclusion than a beginning of the horse trading. And with a bit of luck it will be a positive outcome.
RE have a good team and no doubt they'll stear it well.
Rgds
Shamrogue
RE have a good team and no doubt they'll stear it well.
Rgds
Shamrogue